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Acacia Mining to resume dividends if Tanzania ban lifted - CEO
July 21, 2017 / 10:44 AM / a month ago

Acacia Mining to resume dividends if Tanzania ban lifted - CEO

LONDON, July 21 (Reuters) - Acacia Mining expects to reinstate dividends by the end of its financial year, its chief executive said, after the gold miner scrapped its first-half dividend for the first time on Friday following a ban on exports from Tanzania.

"We expect that following the negotiations ... there will be a resolution and we will achieve positive cash flow in the second half and when that occurs we would expect to announce a dividend in February," CEO Brad Gordon told Reuters. (Reporting by Zandi Shabalala; editing by David Clarke)

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